Metamorphosis, the problem is when salesmen use religious arguments. The Dubai real estate bubble was blessed by wadaads.
Prince Daadi, Dalsan was a particular case of Ponzi scheme. A few thugs met (many of them gardhuubs) and decided to lure innocent somalis to put their savings. Have you visited Nairobi? The footprints of Dalsan is everywhere. Qaran is the latest.
Are you saying the Dubai real estate bubble was not a ponzi scheme? A ponzi scheme does not need to continue for awhile. It is enough to call something a ponzi scheme if the underlying model is deciet and that what the Dubai cases, the Dalsan cases illustrate.
Blackvelvet: I do mistrust the new sheikhs. It seems anyone can call himself a sheikh. Walaahi, on 6th street in Eastleigh, there is this well known preacher who was a front figure in the Dalsan scheme; romour has it that he made hundreds of thousands of dollars.
Sideey ku dhamaatay arrintaasi? did you fall for it?
War ninyahow waad dhacantahay! Why didn't you inform the authorities?Anigan dr yalaxoow 2006 ayaa mid shiikh isku famil nahay ii yimid wuxuu u yiri. buy a share of coming building project in Nairobi. singel share coasts 30 000 dollars. waxaa la dhisayaa sar 6 dabaq ah. markii ay dhamaatana every share wuxuu bil waliba qaadanayaa 700 dollars.
marka 2006 ayaan shiikhii garka weeynaa ee isku familka aheeyn qaainkaas 30 000 dollar lacag aan habeen iyo maalin u hurdo beelay aruurinteeda extra hours shaqo ah ayaan u dhiibtay.
gurigii 6 dabaq ahaa central nairobi ayaa laga dhisay. 2008 ayey first time yiraahdeen daartan waa ku qasaarnay. sidoo loo maleeynayey ma noqon. every share will only get 250 dollar anigoo yaaban. 2008 inay lacagta ay balan qaaden inay bixinayaan bilaabi doonaan ayaan u maleeyey. nasiib xumo. no money 2008. not even 2009. dhamaadkii sanadkii 2010 ayaa la ii soo wacay waxaa la igu yiri. your share provit of this year 2010 is 200 dollars i ask them where is the money from 2008 and 2009. they said to me those years they were paying deeman lagu lahaa sidaa darteed qof wax la siiyey ma jirto.
2011 ayaan waxaan isku dayey inaan my origninal 30 000 soo ceshado. walaahi ilaa iyo hadda from diseembar 2011 ilaa iyo hadda lacagteeydii originalkii xitaa 5000 dollar ka iska qaateen kaliya 25000 hadii aan ka heli lahaa nacalada GARARKA WAAWEEYN tuugada ah.